The GDP loses momentum --

The GDP, the value of everything a nation produces, showed a significant markdown this fourth quarter compared to the 3.9% increase last spring, according to Market Watch. The economy expanded at a 2.4% clip last year, the same as in 2014, the Commerce Department said. The U.S. hasn’t topped 3% growth since 2005.

Walter Investment’s Ditech buys part of Residential Credit Solutions --

In another signal that the default mortgage business is shrinking, Walter Investment Management Corp. announced Friday that it acquired “certain assets” of Residential Credit Solutions. While a “number of core operational employees” are being transferred from RCS to Ditech, more than 130 of RCS’ employees will not be making the transition, and the company is laying off 134 employees at the end of February.

ClosingCorp adds Dave Petro as senior vice president --

ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, announced recently that Dave Petro joined the company as head of sales and business development.

Want some Mr. Cooper swag? Nationstar opens online store for new brand --

Recently, HousingWire revealed the details on Mr. Cooper, the new brand that Nationstar will be likely launching soon as part of a rebranding effort. And now, even though the new brand remains officially unconfirmed, it appears that the general public can buy their own Mr. Cooper-branded swag, thanks to an online store that appeared this week.

Is it better to invest in a 401K or buy a house? --

The age old question teenagers, college graduates and even professionals ask, “Which is better, investing in a 401K or investing in a house?”

Next Page »